Desjardins Forecasts Higher Earnings for StorageVault Canada

StorageVault Canada Inc. (TSE:SVI) – Research analysts at Desjardins increased their FY2027 EPS estimates for shares of StorageVault Canada in a research note issued on Thursday, October 23rd. Desjardins analyst L. Kalmar now anticipates that the company will earn $0.30 per share for the year, up from their previous estimate of $0.29. Desjardins currently has a “Buy” rating and a $6.00 target price on the stock.

Other research analysts have also issued reports about the company. Royal Bank Of Canada raised their price target on StorageVault Canada from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday. National Bankshares increased their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday. TD Securities raised their target price on StorageVault Canada from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. CIBC boosted their price target on shares of StorageVault Canada from C$4.75 to C$5.50 and gave the stock a “neutral” rating in a research note on Friday. Finally, Raymond James Financial increased their price target on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.81.

StorageVault Canada Stock Performance

StorageVault Canada stock opened at C$4.93 on Monday. The company has a market capitalization of C$1.80 billion, a PE ratio of -493.00 and a beta of 0.82. StorageVault Canada has a fifty-two week low of C$3.53 and a fifty-two week high of C$5.23. The firm has a 50 day moving average price of C$4.86 and a 200 day moving average price of C$4.36.

Insider Buying and Selling

In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the sale, the director owned 381,305 shares in the company, valued at C$1,792,133.50. This represents a 26.10% decrease in their position. Over the last ninety days, insiders sold 467,900 shares of company stock worth $2,204,719. Insiders own 38.49% of the company’s stock.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.